By Jeff Simpson
Forbes Contributor,
Rex Sinquefeld, LOVES him some Scott Walker!
And now, with only five months to go in his re-election bid in one of the tightest races in the country, Governor Walker is floating the
idea of eliminating income taxes all together. There is no uncertainty
or anything vague about where Walker stands on critical state policies.
(His commitment to education reform is just as clear, focused, and well-articulated.)
Yes, I too just threw up in my mouth a little. Who is this Rex guy anyway?
Rex Sinquefield
Contributor
I am the retired co-founder of Dimensional Fund Advisors. A
committed Missouri philanthropist, I serve as president of the Show Me
Institute, a state think-tank for limited government, and am president
and chairman of the Chess Club and Scholastic Center of Saint Louis. To
learn more, please visit my website at www.rexsinquefield.org.
Yes Yes a "free market" guy from Missouri who happens to have taken an interest in WI despite the fact he has probably never even visited here. Who is rex really?
Rex is a columnist who while writing about the successes of a political candidate,
has given said political candidate $75,000(how much money did you make last year?) in donations.
The author of an opinion piece in Forbes
calling the Wisconsin governor’s race “must-see political theater” has
also contributed handsomely to Gov. Scott Walker campaigns.
Rex
Sinquefield, who wrote that Walker is the candidate to keep Wisconsin
“on a path to success” has, with his wife Jeanne, donated $75,000 to the
Republican since 2011, according to campaign finance records.
When not making the case for trickle-down economics, Sinquefield has
been very active in Missouri’s Club for Growth — that state’s version of
the group at the center of the John Doe investigation in Wisconsin over alleged illegal campaign activity.
Those credentials are left off Sinquefield’s bio on the Forbes piece...
Yes that is exactly who he is! The guy who isn't sacred to throw around his moeny to get what he wants and ethics mean nothing!
Posts
The thing about Tea Party types is they want something for nothing. They want to cut taxes while eliminating deficit spending. OK. Then what spending do they want to cut? That question is never answered because what discretionary spending is left to cut would create significant problems - unless you don’t care if Americans starve to death or if more bridges collapse or the only clean water available is from Ice Mountain at Kwik Trip.
ReplyDeleteWalker could make up income tax revenue by raising the sales tax. Someone estimated Wisconsin sales tax would have to be 15% to make up for lost income tax revenue. Sales tax is a regressive tax and such a hike would upset more people than those pleased with eliminating the income tax.
But Tea Partiers like Walker have a third way. Make up revenue by issuing government bonds, which means borrowing money to be paid back in the future. However under Walker’s irregular accounting methods, issuing bonds is not the same as borrowing, so Walker claims he balanced the budget when he cut property taxes and made up the revenue selling bonds.
The Magic of Tea Party Economics where you get something for nothing!
More like "nothing for something" or another. Twisted logic is just that.
ReplyDeleteGot to agree with Rex on one point.
ReplyDeleteWI governor's contest is indeed "must-see political theater.". Looking forward to seeing the curtain come down on Walker's act.